Stablecoins act as "dry powder" for crypto purchases. The Stablecoin Supply Ratio (SSR) measures Bitcoin supply against stablecoin supply to gauge buying power:
Low SSR: More stablecoin buying power available
High SSR: Less purchasing capacity, weaker demand
Currently, SSR sits near baseline equilibrium. Notably, it's much lower than during the previous $100K breakout despite similar prices, indicating significantly improved investor purchasing power and stronger underlying demand conditions.
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